115 South Ln
Albert Lea, MN 56007
4 bd 2 ba 2,957 sqft Built 1964 Lot 13,460 sqft single_family
Most recent sale
$420,000
Jul 9, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 9, 2022 | Sold | $420,000 | MLS #6188274 |
| May 2, 2022 | Listed | $439,900 | MLS #6188274 |
| Jul 30, 2009 | Sold | $400,000 | MLS #3693344 |
| Jun 1, 2009 | Listed | $439,000 | MLS #3693344 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2020 | — | — | $275,700 | $4,956 |
| 2019 | — | — | $275,700 | $4,918 |
| 2018 | $190,379 | $57,521 | $247,900 | $4,494 |
| 2017 | $191,345 | $57,555 | $248,900 | $4,248 |
| 2016 | $183,601 | $57,299 | $240,900 | $4,110 |
| 2015 | $186,791 | $57,409 | $244,200 | $4,026 |
| 2014 | $211,565 | $58,135 | $269,700 | $4,452 |
| 2013 | $201,929 | $57,871 | $259,800 | $4,752 |
| 2012 | $238,173 | $42,727 | $280,900 | $5,056 |
| 2011 | $247,500 | $44,400 | $291,900 | $4,618 |
| 2009 | $247,500 | — | $291,900 | $4,454 |
| 2007 | $235,700 | $42,300 | $278,000 | $3,662 |
Property facts
Year built
1964
Property type
single_family
Stories
1
Beds
4
Baths
2
Living area
2,957 sqft
Lot size
13,460 sqft
ZIP code
56007
City
Albert Lea
Street
South Ln
Coordinates
43.66053, -93.38243
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$4,436
Gross rental yield
12.67%
Implied cap rate
8.24%
Trend-extrapolated value
—
Frequently asked questions
When did 115 South Ln last sell?
115 South Ln most recently sold on Jul 9, 2022 for $420,000.
What is the current tax assessment for 115 South Ln?
The most recent total assessment for 115 South Ln (year 2020) is $275,700 with $4,956 in property tax.
How does 115 South Ln's assessment compare to its last sale price?
The current assessment is 34.4% below the last sale price of $420,000.
When was 115 South Ln built?
115 South Ln was built in 1964.
How does 115 South Ln compare to others on South Ln?
We track 4 other properties on South Ln. Browse the list under "Other properties on South Ln" to compare beds, baths, and sale history.
What are the property facts for 115 South Ln?
115 South Ln is a 4 bed, 2 bath, 2,957 sqft, 13,460 sqft lot single_family.
Is 115 South Ln a flip candidate?
No — 115 South Ln does not appear in our flips dataset.
Is 115 South Ln a tax-appeal candidate?
No — 115 South Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.0%
Implied 1-yr
+11.9%
2026 Q3
$243.6K
2026 Q4
$249.7K
ZIP 56007 — Median Price History + Forecast
Explore nearby
Geography
Other properties on South Ln